Understanding the process for client credit evaluations
9
Review the procedure to verify loan application details
10
Approval: Loan Application Process Understanding
11
Understanding loan-to-value (LTV) ratio concept
12
Complete compliance training
13
Approval: Compliance Training Completion
14
Practice Session - analysis of a dummy mortgage loan file
15
Approval: Analysis of a Mortgage Loan File
16
Shadow Senior Pre-Underwriting Specialist for on-the-job training
17
Approval: On-the-job Training Completion
18
Understanding the handling process of rejected applications
19
Review escalation process for complex applications
20
Final Evaluation of Onboarding Process by Supervisor
21
Approval: Final Onboarding Evaluation by Supervisor
Introduction to the team and job role
Welcome to the Mortgage Pre-Underwriting Specialist team! In this task, you will get acquainted with your team members, learn about your job role, and understand how it contributes to the overall mortgage loan underwriting process. By the end of this task, you will have a clear understanding of your responsibilities and the impact your work has on ensuring efficient and accurate mortgage loan approvals. Do you have any previous experience in mortgage underwriting?
Review Employee Handbook and Policies
We have policies in place to ensure compliance with legal and ethical standards. In this task, you will review our Employee Handbook and familiarize yourself with our policies. It is important to have a good understanding of our company culture, code of conduct, and policies to maintain a respectful and professional working environment. Have you reviewed our Employee Handbook?
1
Yes
2
No
Approval: Policies Review
Will be submitted for approval:
Review Employee Handbook and Policies
Will be submitted
Training on mortgage loan underwriting process
To become familiar with the mortgage loan underwriting process, you will undergo training in this task. You will learn about the various steps involved in assessing mortgage applications, evaluating risks, and ensuring compliance with lending guidelines. By the end of this training, you should have a comprehensive understanding of the underwriting process. Are you ready to dive into the world of mortgage loan underwriting?
1
Yes
2
No
Complete mortgage underwriting software tutorials
In this task, we will guide you through tutorials on our mortgage underwriting software. These tutorials will help you familiarize yourself with the tools and features of the software, enabling you to efficiently process mortgage loan applications. By the end of this task, you should be comfortable using the software. Have you used any mortgage underwriting software before?
Approval: Underwriting Software Proficiency
Will be submitted for approval:
Complete mortgage underwriting software tutorials
Will be submitted
Study of the different types of mortgage loans
Understanding the different types of mortgage loans is vital for our role. In this task, you will study and familiarize yourself with the various types of mortgage loans available in the market. By the end of this task, you should be able to identify different mortgage loan options and their specific requirements. Can you name a few types of mortgage loans you are aware of?
Understanding the process for client credit evaluations
Assessing client creditworthiness is crucial in mortgage underwriting. In this task, you will learn about the process for evaluating client credit. You will understand the factors considered, such as credit history, credit scores, and debt-to-income ratios. By the end of this task, you should be able to interpret client credit evaluations. Have you ever analyzed client credit histories before?
1
Yes
2
No
Review the procedure to verify loan application details
In this task, you will review the procedure for verifying loan application details. Accuracy is of utmost importance to prevent errors and potential fraud. By the end of this task, you should have a clear understanding of the steps involved in verifying loan application details. Do you have any experience in loan application verification?
1
Yes
2
No
Approval: Loan Application Process Understanding
Will be submitted for approval:
Review the procedure to verify loan application details
Will be submitted
Understanding loan-to-value (LTV) ratio concept
Loan-to-value (LTV) ratio is an important metric in mortgage underwriting. In this task, you will learn about the concept of LTV ratio and its significance in evaluating mortgage loan risks. By the end of this task, you should be able to calculate LTV ratios correctly. Are you familiar with the concept of LTV ratio?
1
Yes
2
No
Complete compliance training
Ensuring compliance with regulations is crucial in our industry. In this task, you will undergo compliance training to understand the legal and regulatory requirements associated with mortgage loan underwriting. By the end of this task, you should have a solid understanding of compliance obligations. Have you completed any compliance training before?
1
Yes
2
No
Approval: Compliance Training Completion
Will be submitted for approval:
Complete compliance training
Will be submitted
Practice Session - analysis of a dummy mortgage loan file
In this task, you will practice analyzing a dummy mortgage loan file. This exercise will test your understanding of the underwriting process and your ability to identify potential risks and make sound decisions. By the end of this task, you should feel more confident in your ability to analyze mortgage loan files. Are you ready to take on this practice session?
1
Yes
2
No
Approval: Analysis of a Mortgage Loan File
Will be submitted for approval:
Practice Session - analysis of a dummy mortgage loan file
Will be submitted
Shadow Senior Pre-Underwriting Specialist for on-the-job training
To gain practical experience, you will shadow a Senior Pre-Underwriting Specialist in this task. By observing their work, you will learn about best practices, effective communication with clients, and strategies for efficient decision-making. This on-the-job training will provide you with valuable insights and help you develop your own skills. Have you shadowed anyone in a similar role before?
1
Yes
2
No
Approval: On-the-job Training Completion
Will be submitted for approval:
Shadow Senior Pre-Underwriting Specialist for on-the-job training
Will be submitted
Understanding the handling process of rejected applications
Dealing with rejected applications is an essential part of our role. In this task, you will learn about the process of handling rejected applications. Understanding the reasons for application rejections and the necessary steps for communicating with clients are crucial for maintaining proper client relationships. Have you ever dealt with rejected loan applications before?
1
Yes
2
No
Review escalation process for complex applications
In this task, you will review the escalation process for complex applications. Some loan applications may require additional scrutiny due to their complexity. By understanding the escalation process, you will be better equipped to handle such cases and ensure timely and accurate decision-making. Have you ever been involved in handling complex loan applications?
1
Yes
2
No
Final Evaluation of Onboarding Process by Supervisor
Congratulations! You have successfully completed the onboarding process. In this final task, your supervisor will evaluate your onboarding experience and provide feedback. We value your input, and the feedback you provide will help us improve our onboarding process. Are you satisfied with the onboarding process?
1
Yes
2
No
Approval: Final Onboarding Evaluation by Supervisor
Will be submitted for approval:
Final Evaluation of Onboarding Process by Supervisor